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Brazilian Nubank to arrive in Colombia soon, says La República

So far, the company has not filed a request for a banking license, but it has been registered under the name of Nu Colombia SA since last year

David Vélez, founder and CEO of Nubank.
David Vélez, founder and CEO of Nubank. Photo: Nubank/Courtesy
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  • Nubank has been attending on several meetings with the Colombian government;
  • According to the Colombian newspaper, the former leader of Wingo will be Nubank’s second manager in Colombia.

The Brazilian unicorn Nubank has paved its way for arriving in Colombia, reports La República. According to the newspaper, the preamble to the landing of the neobank to the land where Nubank’s CEO, David Vélez, was born, has been marked by several events with the Colombian government. To LABS, Nubank stated that “we are constantly monitoring other markets and assessing opportunities. At the moment, we are focused on our services in Brazil and Mexico, where we already have 30 million customers.”

READ ALSO: Nubank announced it has zeroed its carbon footprint

As La República learned, the company has not filed a request for a banking license yet, but it does have records with the Superintendency of Industry and Commerce in Colombia. The company has even been registered under the name of Nu Colombia SA, since last year.

The Colombian newspaper says that according to a public deed registered in the Chamber of Commerce, Vélez was appointed as Nubank’s general manager in Colombia, and Catalina María Breton Ramírez as the second general manager.

READ ALSO: Nubank acquires Easynvest brokerage firm and enters the investment market

She has already lead Wingo, the low-cost airline that hit the country’s market four years ago, in its first stage.